Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,630 shares of the company's stock after selling 17,106 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Hancock Whitney worth $3,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its stake in Hancock Whitney by 1.7% during the third quarter. State Street Corp now owns 4,297,776 shares of the company's stock valued at $219,917,000 after buying an additional 73,316 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Hancock Whitney by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company's stock valued at $110,016,000 after acquiring an additional 30,239 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Hancock Whitney by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,898,504 shares of the company's stock valued at $102,557,000 after purchasing an additional 12,172 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Hancock Whitney by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company's stock worth $67,235,000 after purchasing an additional 73,875 shares during the last quarter. Finally, Basswood Capital Management L.L.C. lifted its position in Hancock Whitney by 36.8% during the third quarter. Basswood Capital Management L.L.C. now owns 607,239 shares of the company's stock valued at $31,072,000 after purchasing an additional 163,438 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HWC shares. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Stephens reiterated an "overweight" rating and set a $74.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Raymond James reissued a "strong-buy" rating and issued a $72.00 target price (up previously from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.56.

Hancock Whitney Trading Down 3.2 %

Hancock Whitney stock traded down $1.69 during trading hours on Friday, hitting $51.86. The company had a trading volume of 479,397 shares, compared to its average volume of 551,922. The firm has a market cap of $4.47 billion, a P/E ratio of 9.82 and a beta of 1.24. The company has a 50-day moving average price of $56.42 and a two-hundred day moving average price of $55.41. Hancock Whitney Co. has a 1 year low of $41.56 and a 1 year high of $62.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.12. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. During the same period in the previous year, the company earned $1.26 EPS. On average, sell-side analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.47%. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's dividend payout ratio (DPR) is currently 34.09%.

Hancock Whitney Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.